New Retirement Survey: All Age Groups Struggling to Build a Retirement

New Retirement Survey: All Age Groups Struggling to Build a Retirement

Newly released retirement data reflects the changing landscape of retirement, and shows that majority of Americans want alternative retirement savings options

  • 26% of Americans have no money set aside for retirement
  • 37% of millennials say they have no money saved for retirement
  • 24% of millennials say they owe more than they’ve saved
  • While net worth increases with age, nearly 10% of seniors aged 70+ have less than $5,000 in savings
  • 52% of millennials – more than any other age group – are interested in fixed indexed annuities, a savings vehicle that can increase based on the market, but never lose the principal even when the market goes

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